The Bill Sinkin Microloan Fund
The Bill Sinkin MicroLoan Program provides small business loans at reasonable terms to viable start-up or existing businesses that are otherwise unable to obtain financing through conventional sources.

Purchasing machinery,equipment, furniture and fixtures.
Inventory and working capital.

Direct loan and bank participation loans.

Financing will not exceed 90% of the total project cost for existing companies, 80% for start-ups.

$1,000 to $25,000.

Loan terms are from one to five years.

7%, based on current prime rate.

Actual interest rates will be based on the current prime rate at the time of loan application and closing.

First lien on assets being purchased and/or existing unencumbered assets of the small business concern.
Second lien on other business assets as needed.
Personal guarantees with other pledged assets as needed.

Below-market fixed interest rates.
Flexible terms.
Small equity requirement.

Net worth less than $6 million and net income less than $2 million. Average for the last two years.

City of San Antonio.